Vanguard Group Inc. Increases Holdings in Oppenheimer Holdings Inc. (NYSE:OPY)

Vanguard Group Inc. boosted its position in Oppenheimer Holdings Inc. (NYSE:OPY) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 385,769 shares of the financial services provider’s stock after buying an additional 20,937 shares during the period. Vanguard Group Inc.’s holdings in Oppenheimer were worth $24,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OPY. BNP Paribas Financial Markets grew its position in shares of Oppenheimer by 3,146.5% in the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 3,115 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Oppenheimer in the 4th quarter valued at approximately $224,000. Metis Global Partners LLC purchased a new stake in Oppenheimer in the 4th quarter valued at approximately $234,000. KLP Kapitalforvaltning AS acquired a new stake in Oppenheimer during the 4th quarter valued at $308,000. Finally, Jane Street Group LLC purchased a new position in Oppenheimer during the third quarter worth $319,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd.

Oppenheimer Price Performance

NYSE:OPY opened at $56.12 on Wednesday. The firm has a market cap of $590.66 million, a price-to-earnings ratio of 8.81 and a beta of 1.10. Oppenheimer Holdings Inc. has a 12-month low of $36.93 and a 12-month high of $73.12. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average is $60.59 and its two-hundred day moving average is $60.68.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s dividend payout ratio (DPR) is 11.30%.

About Oppenheimer

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.